Insolvency statistics in Canada—First quarter of 2022 (br04629)

Table 4: BIA Insolvencies by NAICS Economic Sectors, Canada
- Volume % Change 12-Month Period Ending 
Q1 2022 Q4 2021 Q1 2021 Q4 2021
to
Q1 2022
Q1 2021
to
Q1 2022
03-31-2022 03-31-2021 % Change
Agriculture, Forestry, Fishing and Hunting 31 13 14 138.5 121.4 68 57 19.3
Bankruptcies 28 12 13 133.3 115.4 59 46 28.3
Proposals 3 1 1 200.0 200.0 9 11 -18.2
Mining and Oil and Gas Extraction 8 1 13 700.0 -38.5 34 44 -22.7
Bankruptcies 7 0 7 -- 0.0 28 27 3.7
Proposals 1 1 6 0.0 -83.3 6 17 -64.7
Utilities 1 1 1 0.0 0.0 3 4 -25.0
Bankruptcies 1 1 1 0.0 0.0 2 4 -50.0
Proposals 0 0 0 -- -- 1 0 --
Construction 118 114 98 3.5 20.4 389 299 30.1
Bankruptcies 84 79 76 6.3 10.5 285 236 20.8
Proposals 34 35 22 -2.9 54.5 104 63 65.1
Manufacturing 64 50 68 28.0 -5.9 220 220 0.0
Bankruptcies 52 36 54 44.4 -3.7 169 170 -0.6
Proposals 12 14 14 -14.3 -14.3 51 50 2.0
Wholesale Trade 34 36 25 -5.6 36.0 110 124 -11.3
Bankruptcies 28 29 19 -3.4 47.4 90 97 -7.2
Proposals 6 7 6 -14.3 0.0 20 27 -25.9
Retail Trade 76 72 56 5.6 35.7 275 313 -12.1
Bankruptcies 68 58 44 17.2 54.5 225 230 -2.2
Proposals 8 14 12 -42.9 -33.3 50 83 -39.8
Transportation and Warehousing 83 55 43 50.9 93.0 230 142 62.0
Bankruptcies 62 45 35 37.8 77.1 183 111 64.9
Proposals 21 10 8 110.0 162.5 47 31 51.6
Information and Cultural Industries 24 11 11 118.2 118.2 53 38 39.5
Bankruptcies 10 10 10 0.0 0.0 34 28 21.4
Proposals 14 1 1 1300.0 1300.0 19 10 90.0
Finance and Insurance 5 14 20 -64.3 -75.0 38 48 -20.8
Bankruptcies 3 10 19 -70.0 -84.2 28 38 -26.3
Proposals 2 4 1 -50.0 100.0 10 10 0.0
Real Estate and Rental and Leasing 18 39 31 -53.8 -41.9 105 142 -26.1
Bankruptcies 13 26 27 -50.0 -51.9 70 110 -36.4
Proposals 5 13 4 -61.5 25.0 35 32 9.4
Professional, Scientific and Technical Services 60 61 27 -1.6 122.2 203 148 37.2
Bankruptcies 42 54 20 -22.2 110.0 163 122 33.6
Proposals 18 7 7 157.1 157.1 40 26 53.8
Management of Companies and Enterprises 25 14 15 78.6 66.7 74 83 -10.8
Bankruptcies 21 11 12 90.9 75.0 58 63 -7.9
Proposals 4 3 3 33.3 33.3 16 20 -20.0
Administrative and Support, Waste Management and Remediation Services 58 43 34 34.9 70.6 169 121 39.7
Bankruptcies 38 32 23 18.8 65.2 123 89 38.2
Proposals 20 11 11 81.8 81.8 46 32 43.8
Educational Services 7 9 7 -22.2 0.0 26 38 -31.6
Bankruptcies 6 6 6 0.0 0.0 21 31 -32.3
Proposals 1 3 1 -66.7 0.0 5 7 -28.6
Health Care and Social Assistance 25 14 17 78.6 47.1 74 70 5.7
Bankruptcies 18 14 11 28.6 63.6 55 54 1.9
Proposals 7 0 6 -- 16.7 19 16 18.8
Arts, Entertainment and Recreation 23 17 15 35.3 53.3 76 104 -26.9
Bankruptcies 20 12 10 66.7 100.0 59 82 -28.0
Proposals 3 5 5 -40.0 -40.0 17 22 -22.7
Accommodation and Food Services 91 130 74 -30.0 23.0 384 377 1.9
Bankruptcies 74 111 57 -33.3 29.8 313 305 2.6
Proposals 17 19 17 -10.5 0.0 71 72 -1.4
Other Services (except Public Administration) 56 37 34 51.4 64.7 148 131 13.0
Bankruptcies 41 31 27 32.3 51.9 117 104 12.5
Proposals 15 6 7 150.0 114.3 31 27 14.8
Public Administration 0 1 0 -100.0 -- 4 3 33.3
Bankruptcies 0 1 0 -100.0 -- 4 2 100.0
Proposals 0 0 0 -- -- 0 1 -100.0
Total 807 732 603 10.2 33.8 2,683 2,506 7.1
Bankruptcies 616 578 471 6.6 30.8 2,086 1,949 7.0
Proposals 191 154 132 24.0 44.7 597 557 7.2